The biggest US banks including Goldman$Goldman Sachs(GS.US)$, BofA$Bank of America(BAC.US)$, Citi$Citigroup(C.US)$and Wells Fargo$Wells Fargo & Co(WFC.US)$boosted their dividend payouts after passing the Fed's annual stress test.But the US banking sector's average forward dividend yield of 4.00% (as per consensus for the year ahead), still lags under Australian counterparts. American Banks...
July is set to be a crucial month on Wall Street with key events like the U.S. jobs report, CPI inflation data, and the Fed's FOMC meeting. The Q2 earnings season will also kick off, featuring reports from major companies such as$JPMorgan(JPM.US)$,$Citigroup(C.US)$,$Wells Fargo & Co(WFC.US)$. As investors assess interest rates, inflation, and economic outlook, market direction could be significantly infl...
Diversify Risk, But Concentrate On Moats Contrary to Warren Buffet's tight image, Berkshire Hathaway's portfolio is rather aggressive, with 90% of its capital committed to 14 stocks. After parting with classic names like$Procter & Gamble(PG.US)$,$Wells Fargo & Co(WFC.US)$, and$IBM Corp(IBM.US)$, BRK began buying shares of$Apple(AAPL.US)$in 2016— seven years before Buffett purchased his first Iphone“11”. In 2020, BRK became a large shareholder of two oil s...
BREAKING: U.S. Banking System >>> FDIC warns that 63 Lenders are on the brink of insolvency due to banks sitting on $517 billion in unrealized losses This is $39 billion higher than the $478 billion recorded in Q4 2023. The surge was driven by higher residential mortgage-backed securities losses held by banks due to rising mortgage rates. Q1 2024 also marked the 10th consecutive quarter of unrealized losses, an even longer streak than d...